3 Monster Cryptocurrencies In The Making
Everyone wants to own the next monster cryptocurrency. Here are three promising coins
Bitcoin may be the first cryptocurrency to hit the market, but there are more than thousands of other altcoins in the market today for investors. With multiple options, it can be hard to choose a promising project with long-term growth potential. Considering a crypto’s market capitalization, market position, future price potential, and development team, we have compiled a list of 3 monster cryptocurrencies in the making.
Digital currencies have created a unique position in the market as an alternative investment asset. As a result, today, several investors and institutions are looking for cryptocurrencies with massive growth potential. So let us see whether these three monster cryptocurrencies are poised for consistent growth in the future.
- With robust technology, a dedicated team, and an influential investor pool, Algorand could be a good buy now for long-term investors.
- Aave, the decentralized loan system, has been invoking fresh interest in the DeFi market.
- The SUSHI token is one of the top cryptocurrencies in the making, with consistently good performance since the beginning of the year.
It is wise to keep an eye out for monster cryptocurrencies in the market, because they have the potential of making you quite wealthy over time.
Here are three candidates to consider for your crypto portfolio. Each of them has much growth potential and can deliver great rewards to long-term investors.
1. Algorand (ALGO)
Thanks to its features and enormous growth potential, Algorand is one of the best cryptocurrencies in the making now.
Algorand is a unique blockchain platform that aims to ease borderless transactions. It is a pure Proof-of-Stake blockchain protocol that ensures a secure, scalable, and decentralized platform, accessible for everyone. Furthermore, with its unique blockchain technology, it guarantees immediate transaction finality along with preventing forking.
Thanks to its permissionless and decentralized public blockchain technology, the network allows everyone within the blockchain ecosystem to conduct seamless transactions with each other. Moreover, the cryptocurrency can be utilized to create applications across insurance, identity, securities, supply chain, infrastructure, digital assets, stablecoins, environmental, government/public sector, infrastructure financial institutions, DeFi, gaming, and insurance. Also, one of the applications created for identity has been helping more than 400 Africans to gain a digital identity.
Algorand has the potential to be a good investment as it aims to solve the blockchain trilemma. By bringing scalability, decentralization, and security onto a single platform, the price of ALGO will significantly rise in value in the coming years. Generally, crypto transfers require users to pay a standard transaction fee which is relatively high. With its advanced technology, Algorand aims to reduce computational transaction costs. This is one primary reason why experts believe that ALGO is one of the best 3 monster cryptocurrencies in the making that has plenty of room for growth.
2. Aave (AAVE)
The price of AAVE is rising substantially since the beginning of the year.
Aave is one of the innovative altcoins that has gained massive popularity this year. It is a decentralized financial system where people can seamlessly lend and borrow digital assets and earn interest simultaneously. Decentralized lending certainly has a higher interest rate than centralized lending and also provides more security and privacy. This is one key reason to buy AAVE now, as the coin has plenty of room for growth in the future.
Aave aims to deal with some of the most crucial challenges of conventional lending services. For example, even if a user lends money in a centralized financial service system, they will never have access to profitable income. While depositing digital assets to uniquely designed liquidity pools will allow users to earn interest. On the other hand, borrowers can use this liquidity to take out flash loans, even using their Bitcoin collateral.
AAVE, the network’s governance token, has seen a significant rise in its price over the past few months. This is because it offers the token holders discounted platform costs. Yet another critical factor that makes Aave one of the best altcoins to buy now is that it is a non-custodial platform. It never holds a user’s cryptocurrency, and the latter can easily retain the ownership of their assets. Therefore, since there are no wallets filled with users’ funds to hack, Aave is highly secure.
Aave is also known as the best lending and credit scoring platform for merchants. Since it offers complete transparency, traders can easily see the transaction history to evaluate their credibility and worthiness. Besides, they can also facilitate lending tokens to those who have a better chance of timely repayment.
Several crypto analysts and experts believe that AAVE is an excellent long-term investment compared to other DeFi coins because of its potential utility. Yet another reason to buy AAVE is Aave Protocol’s deployment on the Polygon network. Since ETH 2.0 has not reached its full functionality, Polygon is now helping Aave to scale faster.
With the deployment, the total value locked in Aave has significantly risen to more than $20 billion. This is yet another reason why AAVE’s price would likely rise in the future. In addition, the coin is also listed on several well-renowned exchanges like Binance. Analysts thus say that AAVE is one of the best cryptocurrencies in the making.
Check Out: Could Aave Be A Millionaire-Maker Coin?
3. Sushiswap (SUSHI)
Sushiswap helps mitigate centralization in the market and is one of the best cryptocurrencies in the making today.
Sushi, the native token of Sushiswap, has consistently catered to the rising demands of investors since its inception. It has made itself highly reliable and available at a lower cost ensuring high liquidity to the investors.
Sushiswap is an Automated Market Maker (AMM) project conceptualized by Chef Nomi. The purported goal behind Sushiswap is to allow users to create liquidity to the pool and gain rewards in return in the form of Sushi digital assets. The unique reward scheme is designed to ensure that investors benefit the maximum out of it.
Sushiswap is one of the best altcoins to buy now as it has also introduced an additional community control mechanism and DeFi features compared to other similar protocols. It further allows any project to gain liquidity through smart contracts known as liquidity pools. Sushi is a potential cryptocurrency available on almost all major exchanges like Binance, Huobi Global, and FTX.
The value and price of the SUSHI token will significantly increase as Sushiswap charges a trading fee for transactions on the network. This will eventually allow token holders to make a good amount of profit. Further, for staking tokens in liquidity pools, even the liquidity providers are rewarded with the Sushiswap Liquidity Provider (SLP).
The cryptocurrency is backed up by the strong support network offered by numerous affluent Chinese entrepreneurs. The exchange also allows users to instantly swap between 100+ ERC-20 tokens without any KYC. Therefore, the price of SUSHI will significantly rise in the future, gaining support from a larger audience across the globe.
One of the critical reasons why Sushiswap is a good investment option is that most of the fees get paid back to users. Liquidity providers would receive enormous rewards for their consistent contributions. Nevertheless, it is the first AMM to send all profits back to the community that sustains it and at the same time maintains it.
Apart from Bitcoin and Ethereum, several cryptocurrencies are growing in price and popularity in 2021. Now numerous popular companies are accepting cryptocurrencies as legitimate means of payment. Moreover, these 3 monster cryptocurrencies are attracting several investors that are looking to diversify their portfolios. Thus now is a good time to invest in growing cryptocurrencies for ensuring good returns in the future.
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Virtual currencies are highly volatile. Your capital is at risk.